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Illinois Motor Vehicle Second Installment Bond

Under 625 ILCS, Title 5, Chapter 3, Section 816, you will be required to post an Illinois Motor Vehicle Second Installment Bond to ensure that taxes are collected properly.  Please refer to the Office of the Illinois Secretary of State for more information regarding your required bond amount.

Bonds Express offers an Illinois Motor Vehicle Second Installment Bond with a 99% approval rate for amounts up to $6,000.  For any amount over this, you will be required to provide a signed application, business and personal financial statements, and possess a clean credit report to get approved for an Illinois Motor Vehicle Second Installment Bond.

A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  The Illinois Motor Vehicle Second Installment Bond holds you accountable for your business decisions.

By possessing an Illinois Motor Vehicle Second Installment Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.

Our Free 24 Hour Quote Procedure

How to cut down the approval process and keep your cost low:

1.      Our applications are all that's usually needed to get you a price.

2.      Occasionally, more information is needed. If so, we will contact you within 24 hours.

3.      If you have credit issues, approvals might need an additional day.

4.      We never require an application fee. All quotes are 100% free.

5.      Bond approvals, like loans, are based on personal credit, financial strength of the owner, bond amount and type of bond. The more information you provide, the better chance you have of getting the lowest available price and a faster approval.